Illinois offering tax amnesty program

Illinois is in the process of offering a tax amnesty program. Participants who have existing tax liabilities for eligible periods can receive penalty and interest forgiveness. Below are highlights from the program:

The amnesty program is open for tax periods ending after June 30, 2011, and prior to July 1, 2018. Most tax types qualify, including sales tax.

Participants have from Oct. 1, 2019, through Nov. 15, 2019, to file and pay.

Taxpayers must file original returns for non-filed periods, or file amended returns for incorrectly reported liabilities.

Existing tax liabilities must be paid in full at time of filing.

Currently, Illinois is the only state offering a tax amnesty program.

If the participant’s eligible tax liability is paid in full between Oct. 1, 2019, and Nov. 15, 2019, eligible penalties and interest will be waived.